I am enclosing a current scenario on the Daily time frame of Gold.
Please bear with me, if it sounds confusing, as mixing 2 patterns is not easy. But I intend to prove the “Trade management” part….again, and this seems to be a perfect example in the making.
We have seen that Gold respects the Fib ratios quite precisely and hence we can trade some excellent harmonic patterns on it.
Wee are looking at a confluence of 2 different harmonic patterns, which would give us a high probability move.
But once again, we are not here to predict the price movement, but to simply follow it.
Hence we keep our levels fixed and wait for price to confirm, before we enter a trade.
One must remain flexible since the market will seldom move the way we expect it to.

1.) We have a Bullish Gartley pattern in the making (the blue one)
Price seems to have found support on the “C” point of this pattern and if this support holds, then one can expect price to rally to complete the wave C-D…expected price objective  - 980.00 (appr.)
2.) We have a second bearish Gartley pattern within it (the green one)
In this one, price seems to have found support on the “B” point of this pattern and if this support holds, then one can expect price to rally to complete the wave B-C…expected price objective  - 945.00 (appr.)
Conclusion – Looking at the confluence of these 2 patterns, a price rally to 945.00 (appr) is a very high probability trade.
So, my trading bias would be towards a long trade.
One would wait for price to confirm the support at the present level, and only on a confirmation of some bullish momentum, we could think about longs to 944…and maybe 980.
If this support does not hold, then price could continue to the downside….and we are not in a trade. We have only lost the analysis time, but our capital is intact.
Then we look for more opportunities and once again, wait for price to confirm.
Sunil.